Metropistas, Abertis, Goldman Sachs donate $1M to PR
October 26, 2017
As a way to contribute to Puerto Rico’s recovery in the wake of Hurricane María, Autopistas Metropolitanas de Puerto Rico (“metropistas”) investment partners Abertis and Goldman Sachs announced a $1 million donation toward hurricane relief efforts on the island.
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Amgen back online in Juncos, María deals $67M blow
October 25, 2017
Pharmaceutical company Amgen, which has a multi-building complex in Juncos, released third quarter results Wednesday, where it confirmed it is back to full operations five weeks after Hurricane María hit Puerto Rico.
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Passport services to resume next week in PR
October 25, 2017
As early as next week, Puerto Rico’s U.S. passport service office will resume operations, Resident Commissioner, Jenniffer González confirmed.
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jetBlue to redeploy PR leisure flights to other cities
October 25, 2017
Airline carrier jetBlue will “temporarily redeploy” inbound leisure flying from Puerto Rico to other destinations, as the island picks up the pieces after the devastation left behind by Hurricane María.
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Moody’s puts Sacred Heart Univ. on review for credit cut
October 25, 2017
Moody's Investors Service has placed the Ba3 rating on Sacred Heart University’s General Revenue and Refunding Bonds, 2012A on review for downgrade.
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FHA extends foreclosure relief for homeowners
October 24, 2017
The Federal Housing Administration (FHA) is extending its initial 90-day foreclosure moratorium for FHA-insured homeowners impacted by Hurricanes Harvey, Irma and María for an additional 90 days due to the extensive damage and continuing needs in hard-hit areas, the agency confirmed.
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MAPR acts as repository for PR cultural, art collections
October 24, 2017
The Puerto Rico Museum of Art, (MAPR as it is known for its initials in Spanish) is spearheading efforts to rescuing and preserving the island’s cultural heritage in the wake of the emergency Hurricane María has caused.
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Study: Retailers could lose $8.4B if power is out 6 mos.
October 23, 2017
Puerto Rico’s retail sector stands to lose more than $8.4 million if power remains down for more than six months, the Retail Business Association warned Monday.
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González: PR has received $626M in federal assistance
October 23, 2017
Puerto Rico has received more than $626.7 million in funding from the U.S. government in the past month to manage the emergency brought on by back-to-back storms Hurricane Irma and María, Resident Commissioner Jenniffer González said.
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FEMA OKs more than $500M in assistance to PR
October 23, 2017
The Federal Emergency Management Agency (FEMA) has awarded more than $500 million for survivor assistance, emergency work, and debris removal following hurricanes Irma and María, officials announced Sunday.
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Private Equity for PR reaches $1M donation milestone
October 23, 2017
Private Equity for Puerto Rico, formed by a group of private equity firms announced that the fund has reached its first major milestone of $1 million in donations since its launch on Oct 11.
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Liberty Global CEO: ‘We’re here to repair network, lives’
October 20, 2017
Liberty Global CEO Mike Fries said Thursday although Hurricane María is not the first experience the provider has had with storms, this one is the worst it has experienced in 25 years of presence in Puerto Rico.
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Op-Ed: FEMA provides Hurricane María progress report
October 20, 2017
In the four weeks since Hurricane María made landfall on Puerto Rico, the Federal Emergency Management Agency (FEMA) and its federal and local partners, have been making progress in the nation’s most logistically complex response in FEMA history.
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Ford will make 3 payments on loan with Reliable Auto
October 20, 2017
As part of its efforts to contribute to the island’s recovery after Hurricane María, Ford Puerto Rico established an alliance with Reliable Auto to make buying new Ford models more accessible.
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Y-USA, MCS join to support storm-battered YMCAs in PR
October 20, 2017
In the wake of a growing humanitarian crisis after hurricane María devastated Puerto Rico, YMCA of the USA (Y-USA) announced it has joined forces with the MCS Foundation through a $200,000 matching campaign for disaster relief efforts aimed at helping individuals, families and the communities served through the YMCAs in Puerto Rico.
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